The Series B funding round was led by existing investor WestBridge Capital and also saw participation from venture capitalist Sashi Reddi
Way2News plans to strengthen its presence in its existing markets, including Andhra Pradesh, Telangana, and Tamil Nadu, while also expanding to Karnataka and Kerala
Founded in 2015, Way2News provides hyperlocal short format news in eight vernacular languages, including Hindi, Marathi, Telugu, Tamil, Malayalam, Kannada, Bangla, and Gujarati
Hyperlocal news platform Way2News has raised $14 Mn (about INR 117 Cr) in its Series B funding round led by existing investor WestBridge Capital. The round also saw participation from venture capitalist Sashi Reddi, who also invested in the startup’s last funding round.
In a statement, Way2News said it plans to use the fresh proceeds to strengthen its operations, enhance its technology, and bolster its foothold in South India.